California Statutes

§ 183.3. — 183.3. (Added by Stats. 2002, Ch. 445, Sec. 8.)

California § 183.3.
JurisdictionCalifornia
Code SHCStreets and Highways Code - SHC
Div. 1.DIVISION 1. STATE HIGHWAYS
Ch. 1.CHAPTER 1. Administration
Art. 5.ARTICLE 5. Funds for Highway and Public Mass Transit Guideway Purposes

This text of California § 183.3. (183.3. (Added by Stats. 2002, Ch. 445, Sec. 8.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Streets and Highways Code - SHC Code § 183.3. (2026).

Text

(a)Upon the order of the Director of Finance, the Controller shall transfer the sum of one hundred seventy-three million dollars ($173,000,000) from the State Highway Account in the State Transportation Fund to the General Fund. This transfer of money constitutes a loan under paragraph (2) of subdivision (b) of Section 6 of Article XIX of the California Constitution.
(b)The General Fund shall pay interest to the State Highway Account on the loan authorized by subdivision (a) at the rate earned by the Surplus Money Investment Fund. The interest shall be calculated annually and the loan shall be repaid no later than June 30, 2005.

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Legislative History

Added by Stats. 2002, Ch. 445, Sec. 8. Effective September 9, 2002.

Nearby Sections

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